Thompson posted his exit statement this afternoon on Instagram. Read it below.

The recently announced return of Kimberly McCullough as Patrick's ex-wife, Dr. Robin Scorpio Drake, will play into the character's exit story. Numerous sources have been telling me for some time now that Thompson is being heavily courted by The Young and the Restless. If a deal is made, he will likely assume a pivotal role on the CBS soap's canvas currently being portrayed by another actor.